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Lobbying AmericaThe Politics of Business from Nixon to NAFTA$
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Benjamin C. Waterhouse

Print publication date: 2013

Print ISBN-13: 9780691149165

Published to University Press Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691149165.001.0001

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date: 08 April 2020

American Politics, American Business

American Politics, American Business

Chapter:
(p.255) Epilogue American Politics, American Business
Source:
Lobbying America
Author(s):

Benjamin C. Waterhouse

Benjamin C. Waterhouse

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691149165.003.0010

This epilogue asserts that business's influence on politics is historically contingent. It is thus vital to recognize that neither “business” nor “politics” in the second decade of the twenty-first century operates in the same way as it did during the 1970s and 1980s. For some business theorists, the old concept of the corporation as a social institution is a relic of a bygone era; in an age of high finance, instantaneous communication, just-in-time production, cheap global outsourcing, and overhyped IPOs, the modern corporation often appears as little more than a convenient legal construct. If a corporation merely exists as a “nexus of contracts,” any larger sense of identity disappears as atomized individual economic actors seek immediate material gains for themselves.

Keywords:   business, politics, business theorists, modern corporation, high finance, global outsourcing, legal construct, economic actors

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